Mortgage Compare

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Mortgage Comparison: 15 Years vs. 30 Years

Determining which mortgage term is right for you can be a challenge. With a shorter year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

“Thank you so much for being so helpful. The other lender I was considering going through was not helpful at all.” – Adrienne

OwnersChoice Funding, Incorporated is a Licensed Mortgage Banker with the New York State Department of Financial Services and the State Banking Departments of Connecticut, Delaware, Florida, New Hampshire, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, and Vermont.

All licenses expire annually on December 31, except for Vermont and Delaware which expire annually on December 1.

External link

You are now leaving OwnersChoice Funding’s web site. OwnersChoice Funding does not control external links and cannot guarantee the relevance, timeliness, or accuracy of the materials provided by other agencies or organizations.